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nanoUFO@sh.itjust.works

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GameStop axes its short-lived NFT marketplace as it retreats from crypto (www.engadget.com)

submitted 10 months ago by nanoUFO@sh.itjust.works to c/games@sh.itjust.works

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[+] Yewb@lemmy.world -16 points 10 months ago (4 children)

I disagree with many of your ideas..you are ignoring many positive facts about gamestop.

Employees were treated badly in the past, but go to a store now, it was full like literally full. The guy at the counter was having an a Animated discussion about pokemon with a kid and her mom having a blast.

Nft images are the dumbest use case of a new technology I've ever seen, that being said dismissing nfts as a new technology shows how ignorant you really are to the whole situation this technology will take over many things but it will probably be transparent to you.

Many of the people jumping on the nfts are bad bandwagon sound exactly like dumb internet haters from the 80s and 90s, keep your negativity.

[–] SnotFlickerman@lemmy.blahaj.zone 11 points 10 months ago* (last edited 10 months ago)

https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/

But the NFT prototype we created in a one-night hackathon had some shortcomings. You couldn’t store the actual digital artwork in a blockchain; because of technical limits, records in most blockchains are too small to hold an entire image. Many people suggested that rather than trying to shoehorn the whole artwork into the blockchain, one could just include the web address of an image, or perhaps a mathematical compression of the work, and use it to reference the artwork elsewhere.

We took that shortcut because we were running out of time. Seven years later, all of today’s popular NFT platforms still use the same shortcut. This means that when someone buys an NFT, they’re not buying the actual digital artwork; they’re buying a link to it. And worse, they’re buying a link that, in many cases, lives on the website of a new start-up that’s likely to fail within a few years. Decades from now, how will anyone verify whether the linked artwork is the original?

Anil Dash helped create the first NFT spec in a coding jam, and it had serious limitations. The bit-limitation is huge. NFT's still only contain a URL. What happens if the website hosting that URL goes down? Well now your NFT points to nothing because it's actually just a fucking link, not an actual image.

But sure, this somehow has actual utility in a world where data can be copied infinitely at no cost and that's a good thing. We should be fighting to remove paywalls to access information, not adding fucking digital ones.

Because I just can't wait for every college textbook to be an NFT to try to stop textbook piracy. What a joke. That shit just makes me want to pirate things and break digital locks more. Yarr Harr Fiddle Dee Dee!

[–] Deceptichum@kbin.social 10 points 10 months ago

There is so little use for NFTs in the real world.

[–] sugar_in_your_tea@sh.itjust.works 7 points 10 months ago

Do we live on different planets? I have been to my local GameStop (decent location next to a busy Target and just off the highway) tons of times, and there's rarely more than one customer there. Their used games are way overpriced, their selection sucks, and accessories are relatively limited.

I used to love going to GameStop as a kid, but everything I liked about it seems to be gone.

[–] ninjan@lemmy.mildgrim.com 6 points 10 months ago (1 children)

While I agree there is room for actually useful use cases in the NFT technical design the fact is unequivocally that GameStop built a market place for the dumb pictures. And that was a collosal waste of money and good will. They went Hero to Zero in my eyes with that move.

[–] SnotFlickerman@lemmy.blahaj.zone 3 points 10 months ago* (last edited 10 months ago)

Not your keys? Not your crypto.